Civista Bancshares Inc (CIVB)
NASDAQ:CIVB
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Civista Bancshares
(NASDAQ:CIVB)
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Rating:75Outperform
Price Target:
$28.00
▲(13.82% Upside)
Action:Reiterated
Date:05/20/26
CIVB scores well primarily on solid fundamentals (improved balance-sheet leverage and resilient profitability) and attractive valuation (low P/E with a meaningful dividend). Earnings-call guidance supports the outlook with expected stable NIM and continued growth targets, while technicals are positive on trend but show some near-term momentum softness.
Positive Factors
Strengthened Balance Sheet
Lower leverage and a larger equity base materially improve the bank’s shock absorption and strategic optionality. With debt-to-equity near 0.38, Civista can sustain dividends, pursue measured M&A or buybacks, and better withstand credit cycles while preserving regulatory and liquidity flexibility.
Negative Factors
Slowing Revenue Growth
A slight TTM revenue decline suggests loan balance volatility and waning fee momentum, limiting top-line scalability. Even with margin gains, slower revenue growth can constrain long-term EPS expansion, making profitability more reliant on cost control and balance-sheet repricing execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Strengthened Balance Sheet
Lower leverage and a larger equity base materially improve the bank’s shock absorption and strategic optionality. With debt-to-equity near 0.38, Civista can sustain dividends, pursue measured M&A or buybacks, and better withstand credit cycles while preserving regulatory and liquidity flexibility.
Read all positive factors
Civista Bancshares (CIVB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$515.12M
Dividend Yield2.96%
Average Volume (3M)106.13K
Price to Earnings (P/E)7.9
Beta (1Y)0.82
Revenue Growth4.52%
EPS Growth19.77%
CountryUS
Employees520
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.72
Shares Outstanding20,783,348
10 Day Avg. Volume178,429
30 Day Avg. Volume106,125
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)0.72
Price to Sales (P/S)1.53
P/FCF Ratio9.24
Enterprise Value/Market Cap1.26
Enterprise Value/Revenue2.63
Enterprise Value/Gross Profit3.91
Enterprise Value/Ebitda12.46
Forecast
1Y Price Target
$27.50Price Target Upside11.79% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.78
Revenue Forecast (FY)$193.86M
Civista Bancshares Business Overview & Revenue Model
Company Description
Civista Bancshares, Inc. operates as the financial holding company for Civista Bank that provides community banking services. It collects a range of customer deposits; and offers commercial and agriculture, commercial and residential real estate, ...
How the Company Makes Money
Civista Bancshares makes money primarily through its banking subsidiary by earning interest income and fees. The largest driver is net interest income: the bank collects interest on loans (such as commercial and industrial loans, commercial real e...
Civista Bancshares Earnings Call Summary
Earnings Call Date:Apr 22, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 24, 2026
Earnings Call Sentiment Positive
The call conveyed strong underlying fundamentals: sizable YoY and sequential earnings growth, NIM expansion, robust core deposit growth, shrinking reliance on brokered funding, strengthened capital actions (dividend and repurchase authorization), and constructive credit metrics. Headwinds discussed were mostly tactical or transitional — loan payoffs that temporarily reduced balances, seasonal/one-time expense items from the recent acquisition, modestly higher noninterest expense YoY, and unrealized securities markdowns. Management provided forward-looking NIM and expense guidance and reiterated mid-single-digit loan and deposit growth targets, indicating confidence in sustaining performance.Positive Updates
Strong Net Income and EPS Growth
Net income of $15.0M, or $0.72 diluted EPS, up $4.8M (47%) vs Q1 2025 and up $2.7M (22%) vs the linked quarter.
Negative Updates
Loan Balances Declined During Quarter
Total loans reduced for the quarter due to significant payoffs: $214M of originations offset by $83M in early payoffs (plus normal principal paydown).
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Net Income and EPS Growth
Net income of $15.0M, or $0.72 diluted EPS, up $4.8M (47%) vs Q1 2025 and up $2.7M (22%) vs the linked quarter.
Read all positive updates
Company Guidance
Management guided to mid-single-digit loan and deposit growth for the balance of 2026, targeting continued NIM strength (Q1 NIM 3.85% with Q2 flat to +1–2 bps, into the mid‑ to upper‑3.80s and high‑3.80s in Q3+ absent Fed cuts; +/-1–2 bps sensitivity to Fed moves). They noted roughly $200M of loan repricings this year (about $60M in Q2 and ~$140M thereafter) with new originations yielding ~6.5% (commercial originations averaged 6.52%, leases 9.03%), Q1 core deposit growth of $60.4M (8% qtr), total deposits +$35.4M (annualized 4%), cost of funds 1.96% (down 35 bps YoY, 12 bps seq) and cost of deposits 1.81% (down 19 bps YoY, 11 bps seq). For revenue/expense cadence they expect Q2 noninterest income ~$9.1–$9.5M, operating expenses (ex‑nonrecurring) $29.5–$30.0M in Q2 and roughly $30.0–$30.7M in H2, a normalized quarterly EPS in the mid‑$0.60s trending toward a ~$0.75 quarterly run‑rate by late 2026/early 2027, and capital actions including a $0.18 quarterly dividend (annualized yield 3.16%, 25% payout) plus a $25M share repurchase authorization; credit metrics remain strong (Q1 provision credit $0.768M, net charge‑offs $0.716M, allowance/loans 1.26%, allowance/NPLs 135%).Civista Bancshares Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 247.41M | 254.95M | 241.90M | 217.48M | 152.98M | 134.19M |
| Gross Profit | 166.17M | 169.17M | 146.55M | 155.80M | 135.28M | 123.73M |
| EBITDA | 52.21M | 55.23M | 47.60M | 62.95M | 52.79M | 51.25M |
| Net Income | 51.03M | 46.21M | 31.68M | 42.96M | 39.43M | 40.55M |
Balance Sheet | ||||||
| Total Assets | 4.30B | 4.34B | 4.10B | 3.86B | 3.64B | 3.01B |
| Cash, Cash Equivalents and Short-Term Investments | 83.53M | 399.83M | 329.94M | 679.90M | 660.24M | 815.06M |
| Total Debt | 210.83M | 284.18M | 450.88M | 454.19M | 643.35M | 204.23M |
| Total Liabilities | 3.75B | 3.79B | 3.71B | 3.49B | 3.30B | 2.66B |
| Stockholders Equity | 552.24M | 543.47M | 388.50M | 372.00M | 334.83M | 355.21M |
Cash Flow | ||||||
| Free Cash Flow | 50.40M | 42.12M | 44.06M | 59.27M | 18.68M | 38.83M |
| Operating Cash Flow | 51.84M | 43.27M | 48.25M | 62.70M | 25.18M | 40.76M |
| Investing Cash Flow | 115.08M | 55.59M | -258.80M | -311.78M | -410.36M | -130.50M |
| Financing Cash Flow | -173.85M | -84.70M | 213.30M | 266.13M | 164.30M | 216.93M |
Civista Bancshares Technical Analysis
Positive
24.60
Price Trends
23.59
Positive
23.35
Positive
22.17
Positive
Market Momentum
0.24
Positive
56.69
Neutral
24.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CIVB, the sentiment is Positive. The current price of 24.6 is below the 20-day moving average (MA) of 24.73, above the 50-day MA of 23.59, and above the 200-day MA of 22.17, indicating a bullish trend. The MACD of 0.24 indicates Positive momentum. The RSI at 56.69 is Neutral, neither overbought nor oversold. The STOCH value of 24.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CIVB.
Civista Bancshares Risk Analysis
Civista Bancshares disclosed 25 risk factors in its most recent earnings report. Civista Bancshares reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Civista Bancshares Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $422.23M | 9.07 | 15.41% | 1.63% | 10.47% | 36.72% | |
75 Outperform | $515.12M | 7.87 | 10.21% | 2.96% | 4.52% | 19.77% | |
75 Outperform | $417.37M | 11.99 | 11.26% | 3.76% | -30.41% | -412.21% | |
68 Neutral | $496.88M | 8.80 | 12.67% | 3.03% | -0.15% | 20.73% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | $382.29M | 13.05 | 9.60% | 1.41% | 7.99% | 8.25% | |
54 Neutral | $292.21M | 110.96 | 3.68% | ― | -10.96% | ― |
* Financial Sector Average
CIVB
Civista Bancshares
25.17
3.21
14.61%
BMRC
Bank Of Marin Bancorp
25.94
5.82
28.93%
GCBC
Greene County Bancorp
25.08
2.78
12.47%
BSRR
Sierra Bancorp
38.26
11.60
43.53%
FRBA
First Bank
15.49
0.96
6.60%
BRBS
Blue Ridge Bankshares
3.29
0.50
17.71%
Civista Bancshares Corporate Events
Executive/Board ChangesShareholder Meetings
Civista Shareholders Back Board, Pay and Auditor Choices
Positive
May 19, 2026
Civista Bancshares, Inc. reported that at its annual meeting of shareholders held on May 19, 2026, investors elected eleven directors to one-year terms expiring in 2027, maintaining continuity in the company’s board leadership. Shareholders ...
Business Operations and StrategyDividendsFinancial DisclosuresM&A TransactionsShareholder Meetings
Civista Bancshares Highlights Strong 2025 Results, Dividend Growth
Positive
May 19, 2026
Civista Bancshares held its annual shareholders’ meeting on May 19, 2026, where management highlighted strong 2025 results that included total assets rising to $4.3 billion from $4.1 billion at year-end 2024, net income climbing 46% to $46.2...
Business Operations and StrategyFinancial Disclosures
Civista Bancshares Highlights Strong Q1 2026 Growth Outlook
Positive
Apr 30, 2026
Civista Bancshares said it will participate in the D.A. Davidson 29th Annual Financial Institutions Conference in Nashville, Tennessee, from May 4–6, 2026, where senior executives plan to meet institutional investors and peers to discuss ban...
Dividends
Civista Bancshares Maintains Second-Quarter Dividend Payout Level
Positive
Apr 21, 2026
On April 21, 2026, Civista Bancshares, Inc. announced that its board had approved a second-quarter common dividend of $0.18 per share, matching the prior quarter, for shareholders of record as of May 5, 2026, with payment scheduled for May 19, 202...
Financial Disclosures
Civista Bancshares Schedules First-Quarter 2026 Earnings Release
Neutral
Mar 20, 2026
On March 19, 2026, Civista Bancshares, Inc. announced that it would release its first quarter 2026 financial results before the market opens on April 22, 2026, and hold a conference call and webcast at 1:00 p.m. Eastern Time the same day to discus...
Executive/Board Changes
Civista Bancshares Announces Routine Board Director Resignation
Neutral
Mar 19, 2026
On March 13, 2026, director Dennis E. Murray, Jr. resigned from the Boards of Directors of Civista Bancshares, Inc. and its subsidiary Civista Bank. The company stated that Murray’s departure did not stem from any disagreement with the organ...
Business Operations and StrategyExecutive/Board Changes
Civista Bancshares Announces CEO Retirement and Succession Plan
Neutral
Mar 2, 2026
Civista Bancshares announced on March 2, 2026, that longtime President and CEO Dennis Shaffer will retire effective August 28, 2026, after more than 40 years in banking, while remaining as chairman of the board and a director to support the transi...
Business Operations and StrategyExecutive/Board Changes
Civista Bancshares Elevates Veronica Doucette to Officer Role
Positive
Feb 26, 2026
On February 26, 2026, Civista Bancshares, Inc. announced that Veronica Doucette, currently Senior Vice President and Human Resources Officer at Civista Bank, has been appointed an officer of the holding company, reflecting the board’s confid...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.